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20121201
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dealing with congressional issues? time is running out rapidly. >> should the wort happen and america effectively goes over the fiscal cliff, what will be the effects on the u.s. and, of course, the rest of the world? >> well, economists tell us -- tell us that if the u.s. goes over the fiscal cliff, just another word for a been crisis, by the way, just a budget crisis, really, economists tell us that if the fiscal cliff kicks in and all those tax increases happen and the deep spending cuts happen it could send the u.s. into recession and that could drag parts of the world with it. so, clearly, that's not very good. other economists would tell you look, if this all happens, it's going to go such a long way toward sorting out the u.s. deficit and debt problem that actually things would be ok, not as abad adds we think. many of the issues don't kick in on january 1, they kick in later in the year, maybe as late as july or august, so politicians actually have time to sort out some of the key issues. nonetheless, the politicians, in particular president obama and i think the key leaders o
20 years, as many as 60,000 russian orphans found homes in america. but isolated cases of abuse by adoptive parents in the u.s. have caused public outcries in russia. this person was abandoned by his american adoptive mother and sent back to moscow. supporters of the bill say that russia should foster its own. >> if there is any doubt there are not adequate levels of safety for children in the u.s., it is serious grounds for suspension and a ban of adoption. unfortunately, the current position of the authorities in america shows their indifference to the fate of russian children. >> russia's own track record is poor. over 7000 children were adopted by russians in 2011, but more than half were rejected, returned to orphanages in the same time frame. with many child welfare groups in russia critical of the band, some in the kremlin have said the legislation should not be rushed into. a third reading of the bill is expected in the duma friday. ultimately, it will be up to president putin to decide whether it is a step too far. >>> russian police have tried to keep the pros and anti
a warning on behalf of the american people, demanding congress take action. >> america wonders why it is that in this town, for some reason, you cannot get stuff done in an organized time table, where everything has to wait till the last minute. we are now of the last minute. in the american people are not going to have any patients for a politically self-inflicted wound to our economy. >> the president said he was modestly optimistic that the january 1 deadline for the fiscal cliff could be averted, but that is contingent on a vote in the senate on a compromise bill, and that will have to get an up or down vote. there is a majority for that, with some tax increases for upper-income people. the question is what level would be acceptable to republicans. more crucial to that is, whatever the senate proposes and passes on to the house, will it be acceptable to the majority of republicans in the house, who control that body? if it is not, we may be having another confrontation, and go past the january 1 deadline, and we could see those tax increases go into effect. again, there is the
to richard at campaign's for america's future that's a progressive political organization. he says it's unlikely that the u.s. will meet the deadline. >> it looks extremely unlikely at this point. they're not returning to the lower house until the day before the deadline. so chances are there won't be a deal before january 1st. but then most of the provisions of this so-calleded fiscal cliff won't have an immediate impact. several will but most will be delayed. so thile still have a chance to work in january. >> how is it going to be delayed? because delay has been something that president obama and the democrats have rejected. >> the tax laws won't have an impact on people until they start paying their taxes in earnest. the effect of that will be very mild, very slight. and some of the spending cuts, the -- the executive branch has 30 days to present its plan for putting these cuts into effect so they may not even take effect. so a number of the -- most economists agree that the impact of the fiscal cliff would be severe if it lasted for a period of time with the assumption that they
Search Results 0 to 3 of about 4